Crude Oil WTI Technical Analysis: Oil bulls strike back as WTI jumps to $69.00 a barrel

• Crude oil failed to find support at $67.72 a barrel however the market had to drop a little below 67.00 to find very strong buying interest. 
• As it was anticipated, the bulls didn’t throw the towel that easily and this Thursday they managed to print a daily range of $2.3 as bulls are now fighting for the 69.00 level. 
• The current bullish moment is strong and while pullbacks sub-69.00 are possible, the market is likely going to build on the current buy wave targeting 69.44 and 70.00 figure. 

Crude oil WTI 15-minute chart

Spot rate:             69.13
Relative change:  1.90%     
High:                    69.36
Low:                     66.89

Trend:                  Bullish

Resistance 1:      69.44 June 25 high
Resistance 2:      70.00 figure   
Resistance 3:      70.53 May 24 low 
Resistance 4:      71.19 May 23 low  
Resistance 5:      72.13 July 6 low
Resistance 6:      73.00 figure

Support 1:      69.00 figure
Support 2:      68.30 supply/demand level
Support 3:      67.72 June 26 low
Support 4:      67.16 June 14 high
Support 5:      66.53 June 20 high
Support 6:      65.71, June 22 low
Support 7:      65.00 figure